Month: March 2023

Shiba Inu community divided over allegations of code, chain ID plagiarism

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A series of events erupted in the official Shiba Inu (SHIB) Discord on Mar. 17, when a top-ranked community member, Steve, alleged identical chain IDs between that of the Shibarium layer-2 beta testnet ID and the Rinia testnet ID, an existing blockchain. “So why is it that it looks like shibarium test net has taken rinia testnet genesis file Changed the name from renia But forgot to change the chain ID Rinia has been live and owned that chain Id since Feb. And was planned in December.” Steve also alleged…

Crypto Exchange Orca to Block US Traders From Website

CryptoX – Cryptocurrency Analysis and News Portal In a notice published to its website Thursday, Orca said it is “adding the United States to the regions and countries which are restricted from trading on orca.so,” its website. The notice did not provide a reason for the move or why it was coming now. Orca co-founder Grace Kwan did not immediately respond to a request for comment. Source The post Crypto Exchange Orca to Block US Traders From Website appeared first on CryptoX. CryptoX Portal

ARB Token Trending on Twitter After Arbitrum’s Airdrop Announcement

CryptoX – Cryptocurrency Analysis and News Portal Currently, ARB is the sixth trending twitter topic in the United States with more than 10,000 tweets. Arbitrum posted a 93-second short movie that ends with Ed Felten, co-founder of Offchain Labs saying, “Let’s build Arbitrum together. 3.23.” The tweet has 1.4 million views. Original Source The post ARB Token Trending on Twitter After Arbitrum’s Airdrop Announcement appeared first on CryptoX. CryptoX Portal

Blockchain Association seeks info from Fed, FDIC and OCC on ‘de-banking’ crypto firms

The United States-based crypto advocacy group Blockchain Association called on financial regulators to provide information related to the potential “de-banking of crypto firms” in the wake of the failures of the Signature, Silicon Valley Bank and Silvergate banks. In a March 16 notice, the Blockchain Association said it had submitted Freedom of Information Act requests to the Federal Deposit Insurance Corporation, the board of governors of the Federal Reserve System and the Office of the Comptroller of the Currency for documents and communications that could potentially show regulators’ actions “improperly…

Google Searches for Arbitrum Soar Amid Airdrop Announcement

Arbitrum follows in the footsteps of Optimism, a rival layer 2 scaling solution that issued an airdrop last April. The market capitalization of the Optimism token (OP) is $792 million with a market cap to TVL ratio of 0.84, according to DefiLlama. As Arbitrum has more than double the amount of capital locked on its blockchain, the token can be expected to have a market cap of around $2 billion using the same ratio. Source

Bitcoin dominance nears 50% as research hails ‘bullish’ narrative flip

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Bitcoin (BTC) accounts for more of the total value of cryptocurrency than at any time since June 2022. The latest data from TradingView shows that Bitcoin market cap dominance is nearing 46% — its highest in nine months. New dominance “spike” hints at trend change to come The latest knock-on effect from this week’s surge above $26,000, Bitcoin’s share of the combined cryptocurrency market cap is currently at 45.7%. Up almost 3% since the weekend alone, Bitcoin dominance shows a trend-setting move by the largest cryptoasset reminiscent of classic bull…

Bitcoin hovers at $25k amid US dollar surge and Credit Suisse meltdown

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Bitcoin retained its position near $25,000 on March 16 as it attempted to break toward the week’s highs, despite a surging U.S. dollar combined with banking crisis contagion. BTC reacts to US PPI Data from CoinMarketCap showed BTC/USD recovering from a 24-hour drop to reach a high of $25,001 on March 16. BTC price movement in the last 24 hours | Source: CoinMarketCap The pair responded well to the latest United States Producer Price Index (PPI) data, which was much lower than expected. Before the release of the data, bitcoin’s…

Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank – Bitcoin News

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Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global banking system. On Wednesday at around 9 p.m. (ET), Credit Suisse announced that it was strengthening its liquidity by borrowing 50 billion Swiss francs ($54 billion) from the Swiss National Bank (SNB). As concerns about the world’s banking system continue to spread, bailout measures are…